Investor A (INVE-A.ST) — 2026-W136

Analysis date: 2026-05-31 | Country: SE | Currency: SEK

Recommendation Summary

Field	Value
Rating	Buy
Intrinsic Value	440.0 SEK
24m Target	410.0 SEK
Price at Analysis	375.3 SEK
Buffett Score	15/20
ROIC	14.3%
Economic Profit	+68,409.6M SEK
Implied Upside (IV)	17.2%

Research history · this company (6 notes)

2026-W145 · 2026-05-31 · INVE-B.STBuy · ROIC 14% · tgt 410 SEKInvestor B: Marginellt värdeskapande

2026-W136 · 2026-05-31 · INVE-A.STviewingBuy · ROIC 14% · tgt 410 SEKΔ tgt +10% · IV +18% · HOLD→Buy · MEDIUM→high convInvestor A: Marginellt värdeskapande

2026-06-15 · 2026-06-15 · INVE-A.STHOLD · tgt 373 SEKΔ tgt -2% · IV -2%2026-06-15 · 2026-06-15 · INVE-B.STHOLD · tgt 380 SEKΔ tgt +2% · IV +2%2026-06-09 · 2026-06-09 · INVE-A.STHOLD · tgt 373 SEKΔ tgt -2% · IV -2%2026-06-09 · 2026-06-09 · INVE-B.STHOLD · tgt 380 SEKfirst note

0. Company Identification

Ticker: INVE-A.ST | Name: Investor A | Country: SE | Sector: Investment Holding

1. What the Company Sells

Investor A operates in the Nordic market. ROIC 14.3% vs WACC 8% → EP +68,409.6M SEK.

2. Who Pays and Why They Stay

Customers pay for products/services based on value proposition and brand strength.

3. Revenue Model

Revenue generated through product/service sales. Scalability and recurring revenue characteristics vary by segment.

4. Margin and Cash Mechanics

ROIC 14.3% vs WACC 8.0% → Economic Profit +68,409.6M SEK.

5. Supply-side Dependencies

Raw materials, suppliers, distribution channels, and human capital.

6. Competitive Position

Moat strength: 3/5. Brand strength, technology, and customer relationships drive competitive advantage.

7. Growth Engine

Market penetration, geographic expansion, and product development.

8. Business Model Risks

Top risks: Cyclical demand, competitive pressure, raw material costs, macro exposure.

9. History, Management & ESG

Established Nordic industrial company with stable management.

10. Synthesis and Recommendation

Buy — Investor A: Observation candidate, await data and price development.

mttssn research · Investor A (INVE-A.ST) · 2026-W136 · 2026-05-31